Colgate Palmolive (India) Limited
Nippon India Mutual Fund increased its stake in Colgate Palmolive (India) Limited from 1.67% to 2.20% by purchasing 14,40,131 shares.
A leading manufacturer and marketer of oral care and personal hygiene products in India, the company produces toothpaste, tooth powder, toothbrushes, mouthwash, and related consumer goods for households and institutions. It operates through extensive retail distribution channels across the country with well-established brands in the oral care segment. The company maintains a strong presence in India's consumer defensive market through consistent product innovation, quality manufacturing, and wide market reach.
India's fifth-largest AMC with over Rs 6 lakh crore in AUM, backed by Japan's Nippon Life Insurance which holds majority stake. Formerly Reliance MF, rebranded in 2019 after Nippon's acquisition. Sailesh Raj Bhan has run the equity book for over two decades and is one of India's most experienced active managers. Known for sector rotational calls and a deep research bench.